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RE: 🎥 Cryptocurrency Market Overview | 23.05.2019

in #dtube5 years ago

Thanks for a great video @cryptospa, it does look like Steem is consolidating around that line, but let's see what happens.

I do have a theory about Steem though, because Steem has this high inflation of over 8%, it's currently not interesting for someone who just wants to buy some and hold it.

So therefore it is trading at it's utility value, at the level which the users and the projects are willing to invest, just plain supply and demand for it's services.

If we do some math, the marketcap is around 120 000 000 USD according to @coingecko, and in their Q1 2019 report the active users is about 60 000, so that means about 2 000 USD per active user.

Now that is not a bad number from a utility perspective, and if the utility goes up, then more projects and more users will come here, and the price go up with it.

That's my theory anyway.

As to EOS, that's some interesting info, thanks for sharing it, let's see what happens to it.

As to PoW vs PoS or DPoS, the thing that needs to be established is, what can go wrong and how likely is it, and I am talking about BTC vs Steem now, and more to the point in what situation does it matter?

As we have talked about before BTC has a maximum of around 7 transactions per second, and I did some digging into Lightning Network, now that is absolutely not PoW even if it's backed by BTC.

If you hack LN at any point in it's payment channels then the whole thing collapses, which is the absolute opposite to BTC where you have to hack every individual block to hack the system.

So even if PoW is better from a security standpoint, does it really do it's job god enough to actually be useful on a global scale?

Well those are my thoughts, thanks again for a great video, and have an awesome weekend.

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